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TOKYO: Bitcoin’s recent tumble cleared some speculative “froth” but further declines remain possible, according to JPMorgan Chase & Co.
NEW YORK: Stocks rose across the globe on Friday to close at a fresh high and remained on track for their strongest monthly performance on record but the Nasdaq outperformed on Wall Street and Treasury yields fell, indicating lingering concerns over rising coronavirus cases globally.
LONDON (Reuters) - The US dollar traded near its lowest levels in nearly 3 months on Wednesday as progress in developing a novel coronavirus vaccine and expectations for a fiscal boost from a new U.S. government triggered a shift of funds from the greenback to riskier assets.
PETALING JAYA: Luno Malaysia, the largest digital asset exchange in the country with about 180,000 users, is confident of significantly growing its customer base in 2021, underpinned by the rising popularity of cryptocurrency.
SHANGHAI/HONG KONG: As the price of bitcoin soars, Chinese cryptocurrency asset managers are looking to expand in places such as Hong Kong and Singapore, skirting an intensified crackdown at home.
NEW YORK: Bitcoin is quickly approaching the record highs that spurred a mania among investors almost three years ago that ended in a violent crash.
LONDON: Bitcoin broke through $18,000 on Wednesday to hit its highest since December 2017 extending its blistering 2020 rally driven by demand for its perceived quality as an inflation hedge and expectations of mainstream acceptance.
LONDON: Pressure increased on Wednesday against the dollar which hit its lowest level in over a week as tighter economic restrictions across the United States and Europe tested market optimism over vaccine trials.
NEW YORK: An increasingly bearish picture is unfolding for the U.S. dollar, which has suffered its worst week since March on signs that Federal Reserve money printing rather than government spending may be deployed to bolster the economy in the aftermath of Tuesday's elections.